Oil prices slipped on Wednesday as investors reassessed whether China's latest stimulus plans will be able to boost its economy and spur fuel demand in the world's largest crude importer. Still, declining U.

Oil futures traded modestly lower early Wednesday, pulling back from strong gains seen the previous session amid a broad commodity rally sparked by China’s announcement of an aggressive monetary stimulus plan.

Investing.com-- Oil prices settled higher Tuesday, underpinned by additional monetary stimulus from China boosting hopes for global oil demand and the risk of escalating conflict in the Middle East disrupting supplies.

China-exposed assets jumped on Tuesday after Beijing announced its biggest stimulus since the pandemic in a bid to pull the world's second-largest economy out of the deflationary funk that has shaken global currency and equity markets this year.

Oil futures rose on Tuesday, looking to post their first gain after back-to-back losses after China announced a range of stimulus measures aimed at boosting the economy of the world’s largest crude importer.

Crude oil prices rise on China's economic stimulus package, Israel airstrikes, and U.S. Gulf of Mexico hurricane threat.

Oil prices were little changed on Wednesday as investors reassessed the ability of China's stimulus plans to boost its economy, while declining U.S. crude oil and fuel stockpiles provided support. Brent crude futures were down 8 cents,

Oil prices surged by about 3 per cent on Tuesday after China announced major stimulus measures to revive its economy and as escalating tensions in the Middle East stoked supply concerns. Brent, the benchmark for two thirds of the world's oil,